Bangladesh has set an ambitious goal of generating more than 4,100 megawatts of electricity from renewable energy sources by 2030 as the county looks to cut greenhouse gas emissions significantly. Bangladesh's renewable energy sector is experiencing a surge, driven by both environmental concerns and the rising cost of traditional fossil fuels. Solar and wind power are leading the charge, with... Read More
Summary: The government recently gave the green light for the establishment of two solar power plants and the import of 40 megawatts of power from Nepal through the Indian grid, using the direct purchase method. These decisions were made in separate meetings of the Cabinet Committee on Economic Affairs and the Cabinet Committee on National Purchase, both of which were... Read More
Summary: The United Arab Emirates, a country that holds a prominent position as one of the world's largest exporters of fossil fuels, is keen on establishing itself as an influential leader in creating global carbon markets. This move comes as the country prepares to host the annual United Nations climate talks, scheduled to take place this month. Content: The efforts of a... Read More
Congratulations to our client, China Road and Bridge Corporation, on the opening of the Patenga Container Terminal in Chattogram, Bangladesh! We are proud to have acted as CRBC's retainer on this landmark project, which is one of the largest and most important infrastructure projects in Bangladesh. The new container terminal will significantly increase the capacity of Chattogram Port to handle cargo,... Read More
Rahman's Chambers is delighted to congratulate our client, Penta-Ocean Construction Co., Ltd., on the opening of the channel of Matarbari Deep Sea Port. This is a landmark project that will have a significant impact on the Bangladesh economy and improve the lives of millions of Bangladeshis. Penta-Ocean Construction Co., Ltd. played a vital role in the development of the constructing... Read More
Summary: The draft regulatory order has been approved by Finance Minister AHM Mustafa Kamal and is presently under vetting at the law ministry. As per the latest updates, the government is expected to revoke the newly introduced 15% tax on profits or capital gains earned from the sale of land under the income tax law. Content: According to sources at the finance... Read More
Summary: Next month (November), contractors are expected to be appointed by the Chittagong Port Authority (CPA) for the construction of Matarbari Deep-sea Port. It is anticipated that the evaluation of tenders submitted for the construction work of the port will be completed soon. Afterwards, the authorities will proceed with the appointment of contractors for both sides, namely Chittagong Port and... Read More
We offer our heartiest congratulations to our esteemed Clients, China Communications Constructions Company (CCCC) Ltd and all its subsidiaries and affiliates in Bangladesh on this monumental occasion of the inauguration of the Bangabandhu Sheikh Mujibur Rahman Tunnel under the Karnaphuli River, the first of its kind in Bangladesh, which will inevitably lead to more positive changes on both sides... Read More
Summary: In light of current trends, industries are shifting focus to alternative energy sources like solar power. This is happening even though national grid capacity exceeds demand by 25,000MW compared to the current 15,000MW. Content: Several big companies have already switched to solar power partially or are considering it. They're finding that using solar panels on their roofs is a smart choice... Read More
VAT, Tax and Customs related legal disputes are complex & often require specialized knowledge. There are different forums available for resolution of disputes. One of the big challenges involving taxation matters is that the laws & regulations are constantly changing. Under the Finance Act 2023 a new income tax at source on transferring of property is now payable. A new digital... Read More
